PBOC drains net CNY455 bln this week

As Reuters reports, the Chinese Central Bank (PBOC) drained a net 455 bln Yuan for the week via open market operations, the highest withdrawal in three years.

Feb 19, 2016

RBA's Edwards talks down the Aussie in a WSJ interview

John Edwards, board member of the Reserve Bank of Australia, said in an interview with the Wall Street Journal, that the Australian dollar is too high, while recognizing that he finds it hard to believe the currency can head much lower as talk mounts over major central banks adopting negative interest rate and as the Federal Reserve delays further rate hikes.

Oil drops as US inventories hit record

Oil benchmarks on both sides of Atlantic ended this week’s 4-day winning streak and turned in the negative territory, having faced a double whammy in the overnight trades.